Section 61 Partial retirement option notice

(1)

A partial retirement option may only be exercised—

(a)

by notice to the scheme manager in a form required by the scheme manager (“option notice”); and

(b)

in the 3 months after P's pensionable earnings are reduced, on a date agreed by the member and the scheme manager.

(2)

An option notice must specify—

(a)

whether P claims payment of—

(i)

the whole of P's accrued pensions F1to which the office relates ; or

(ii)

part only of P's accrued pensions F2to which the office relates ; and

(b)

if P claims payment of part only—

(i)

the descriptions of accrued pension for which payment is claimed; and

(ii)

the proportion of each description of accrued pension for which payment is claimed (“option proportion”), which must comply with regulation 62F3, and

(c)

if P holds more than one office, the office or offices in respect of which P is exercising the partial retirement option.

Annotations

F1: Words in reg. 61(2)(a)(i) inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(a)
F2: Words in reg. 61(2)(a)(ii) inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(b)
F3: Reg. 61(2)(c) and word inserted (1.4.2022) by The Judicial Pensions (Amendment) Regulations (Northern Ireland) 2022 (S.R. 2022/73), regs. 1(2), 3(8)(c)